Statistics for Business & Economics, 14th Edition by David R. Anderson, Thomas A. Williams

By

Statistics for Business & Economics, 14th Edition

David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann

Statistics for Business & Economics

Contents

ABOUT THE AUTHORS xxi

PREFACE xxv

Chapter 1 Data and Statistics 1

Statistics in Practice: Bloomberg Business week 2

1.1 Applications in Business and Economics 3

Accounting 3

Finance 3

Marketing 4

Production 4

Economics 4

Information Systems 4

1.2 Data 5

Elements, Variables, and Observations 5

Scales of Measurement 5

Categorical and Quantitative Data 7

Cross-Sectional and Time Series Data 8

1.3 Data Sources 10

Existing Sources 10

Observational Study 11

Experiment 12

Time and Cost Issues 13

Data Acquisition Errors 13

1.4 Descriptive Statistics 13

1.5 Statistical Inference 15

1.6 Analytics 16

1.7 Big Data and Data Mining 17

1.8 Computers and Statistical Analysis 19

1.9 Ethical Guidelines for Statistical Practice 19

Summary 21

Glossary 21

Supplementary Exercises 22

Appendix 1.1 Opening and Saving DATA Files and Converting to Stacked

form with JMP 30

Appendix 1.2 Getting Started with R and RStudio (MindTap Reader)

Appendix 1.3 Basic Data Manipulation in R (MindTap Reader)

Chapter 2 D escriptive Statistics: Tabular and Graphical

Displays 33

Statistics in Practice: Colgate-Palmolive Company 34

2.1 Summarizing Data for a Categorical Variable 35

Frequency Distribution 35

Relative Frequency and Percent Frequency Distributions 36

Bar Charts and Pie Charts 37

2.2 Summarizing Data for a Quantitative Variable 42

Frequency Distribution 42

Relative Frequency and Percent Frequency Distributions 44

Dot Plot 45

Histogram 45

Cumulative Distributions 47

Stem-and-Leaf Display 47

2.3 Summarizing Data for Two Variables Using Tables 57

Crosstabulation 57

Simpson’s Paradox 59

2.4 Summarizing Data for Two Variables Using Graphical

Displays 65

Scatter Diagram and Trendline 65

Side-by-Side and Stacked Bar Charts 66

2.5 Data Visualization: Best Practices in Creating Effective

Graphical Displays 71

Creating Effective Graphical Displays 71

Choosing the Type of Graphical Display 72

Data Dashboards 73

Data Visualization in Practice: Cincinnati Zoo

and Botanical Garden 75

Summary 77

Glossary 78

Key Formulas 79

Supplementary Exercises 80

Case Problem 1: Pelican Stores 85

Case Problem 2: Movie Theater Releases 86

Case Problem 3: Queen City 87

Case Problem 4: Cut-Rate Machining, Inc. 88

Appendix 2.1 Creating Tabular and Graphical Presentations with JMP 90

Appendix 2.2 Creating Tabular and Graphical Presentations

with Excel 93

Appendix 2.3 Creating Tabular and Graphical Presentations with R

(MindTap Reader)

Chapter 3 Descriptive Statistics: Numerical Measures 107

Statistics in Practice: Small Fry Design 108

3.1 Measures of Location 109

Mean 109

Weighted Mean 111

Median 112

Geometric Mean 113

Mode 115

Percentiles 115

Quartiles 116

3.2 Measures of Variability 122

Range 123

Interquartile Range 123

Variance 123

Standard Deviation 125

Coefficient of Variation 126

3.3 Measures of Distribution Shape, Relative Location,

and Detecting Outliers 129

Distribution Shape 129

z-Scores 130

Chebyshev’s Theorem 131

Empirical Rule 132

Detecting Outliers 134

3.4 Five-Number Summaries and Boxplots 137

Five-Number Summary 138

Boxplot 138

Comparative Analysis Using Boxplots 139

3.5 Measures of Association Between Two Variables 142

Covariance 142

Interpretation of the Covariance 144

Correlation Coefficient 146

Interpretation of the Correlation Coefficient 147

3.6 Data Dashboards: Adding Numerical Measures to

Improve Effectiveness 150

Summary 153

Glossary 154

Key Formulas 155

Supplementary Exercises 156

Case Problem 1: Pelican Stores 162

Case Problem 2: Movie Theater Releases 163

Case Problem 3: Business Schools of Asia-Pacific 164

Case Problem 4: Heavenly Chocolates Website Transactions 164

Case Problem 5: African Elephant Populations 166

Appendix 3.1 Descriptive Statistics with JMP 168

Appendix 3.2 Descriptive Statistics with Excel 171

Appendix 3.3 Descriptive Statistics with R (MindTap Reader)

Chapter 4 Introduction to Probability 177

Statistics in Practice: National Aeronautics and Space

Administration 178

4.1 Random Experiments, Counting Rules,

and Assigning Probabilities 179

Counting Rules, Combinations, and Permutations 180

Assigning Probabilities 184

Probabilities for the KP&L Project 185

4.2 Events and Their Probabilities 189

4.3 Some Basic Relationships of Probability 193

Complement of an Event 193

Addition Law 194

4.4 Conditional Probability 199

Independent Events 202

Multiplication Law 202

4.5 Bayes’ Theorem 207

Tabular Approach 210

Summary 212

Glossary 213

Key Formulas 214

Supplementary Exercises 214

Case Problem 1: Hamilton County Judges 219

Case Problem 2: Rob’s Market 221

Chapter 5 Discrete Probability Distributions 223

Statistics in Practice: Voter Waiting Times in Elections 224

5.1 Random Variables 225

Discrete Random Variables 225

Continuous Random Variables 225

5.2 Developing Discrete Probability Distributions 228

5.3 Expected Value and Variance 233

Expected Value 233

Variance 233

5.4 Bivariate Distributions, Covariance, and Financial Portfolios 238

A Bivariate Empirical Discrete Probability Distribution 238

Financial Applications 241

Summary 244

5.5 Binomial Probability Distribution 247

A Binomial Experiment 248

Martin Clothing Store Problem 249

Using Tables of Binomial Probabilities 253

Expected Value and Variance for the Binomial Distribution 254

5.6 Poisson Probability Distribution 258

An Example Involving Time Intervals 259

An Example Involving Length or Distance Intervals 260

5.7 Hypergeometric Probability Distribution 262

Summary 265

Glossary 266

Key Formulas 266

Supplementary Exercises 268

Case Problem 1: Go Bananas! Breakfast Cereal 272

Case Problem 2: McNeil’s Auto Mall 272

Case Problem 3: Grievance Committee at Tuglar Corporation 273

Appendix 5.1 Discrete Probability Distributions with JMP 275

Appendix 5.2 Discrete Probability Distributions with Excel 278

Appendix 5.3 Discrete Probability Distributions with R (MindTap Reader)

Chapter 6 Continuous Probability Distributions 281

Statistics in Practice: Procter & Gamble 282

6.1 Uniform Probability Distribution 283

Area as a Measure of Probability 284

6.2 Normal Probability Distribution 287

Normal Curve 287

Standard Normal Probability Distribution 289

Computing Probabilities for Any Normal Probability

Distribution 294

Grear Tire Company Problem 294

6.3 Normal Approximation of Binomial Probabilities 299

6.4 Exponential Probability Distribution 302

Computing Probabilities for the Exponential

Distribution 302

Relationship Between the Poisson and Exponential

Distributions 303

Summary 305

Glossary 305

Key Formulas 306

Supplementary Exercises 306

Case Problem 1: Specialty Toys 309

Case Problem 2: Gebhardt Electronics 311

Appendix 6.1 Continuous Probability Distributions with JMP 312

Appendix 6.2 Continuous Probability Distributions with Excel 317

Appendix 6.3 Continuous Probability Distribution with R

(MindTap Reader)

Chapter 7 Sampling and Sampling Distributions 319

Statistics in Practice: Meadwestvaco Corporation 320

7.1 The Electronics Associates Sampling Problem 321

7.2 Selecting a Sample 322

Sampling from a Finite Population 322

Sampling from an Infinite Population 324

7.3 Point Estimation 327

Practical Advice 329

7.4 Introduction to Sampling Distributions 331

7.5 Sampling Distribution of x 333

Expected Value of x 334

Standard Deviation of x 334

Form of the Sampling Distribution of x 335

Sampling Distribution of x for the EAI Problem 337

Practical Value of the Sampling Distribution of x 338

Relationship Between the Sample Size and the Sampling

Distribution of x 339

7.6 Sampling Distribution of p 343

Expected Value of p 344

Standard Deviation of p 344

Form of the Sampling Distribution of p 345

Practical Value of the Sampling Distribution of p 345

7.7 Properties of Point Estimators 349

Unbiased 349

Efficiency 350

Consistency 351

7.8 Other Sampling Methods 351

Stratified Random Sampling 352

Cluster Sampling 352

Systematic Sampling 353

Convenience Sampling 353

Judgment Sampling 354

7.9 Big Data and Standard Errors of Sampling Distributions 354

Sampling Error 354

Nonsampling Error 355

Big Data 356

Understanding What Big Data Is 356

Implications of Big Data for Sampling Error 357

Summary 360

Glossary 361

Key Formulas 362

Supplementary Exercises 363

Case Problem: Marion Dairies 366

Appendix 7.1 The Expected Value and Standard Deviation of x 367

Appendix 7.2 Random Sampling with JMP 368

Appendix 7.3 Random Sampling with Excel 371

Appendix 7.4 Random Sampling with R (MindTap Reader)

Chapter 8 Interval Estimation 373

Statistics in Practice: Food Lion 374

8.1 Population Mean: s Known 375

Margin of Error and the Interval Estimate 375

Practical Advice 379

8.2 Population Mean: s Unknown 381

Margin of Error and the Interval Estimate 382

Practical Advice 385

Using a Small Sample 385

Summary of Interval Estimation Procedures 386

8.3 Determining the Sample Size 390

8.4 Population Proportion 393

Determining the Sample Size 394

8.5 Big Data and Confidence Intervals 398

Big Data and the Precision of Confidence Intervals 398

Implications of Big Data for Confidence Intervals 399

Summary 401

Glossary 402

Key Formulas 402

Supplementary Exercises 403

Case Problem 1: Young Professional Magazine 406

Case Problem 2: Gulf Real Estate Properties 407

Case Problem 3: Metropolitan Research, Inc. 409

Appendix 8.1 Interval Estimation with JMP 410

Appendix 8.2 Interval Estimation Using Excel 413

Appendix 8.3 Interval Estimation with R (MindTap Reader)

Chapter 9 Hypothesis Tests 417

Statistics in Practice: John Morrell & Company 418

9.1 Developing Null and Alternative Hypotheses 419

The Alternative Hypothesis as a Research Hypothesis 419

The Null Hypothesis as an Assumption to Be Challenged 420

Summary of Forms for Null and Alternative Hypotheses 421

9.2 Type I and Type II Errors 422

9.3 Population Mean: s Known 425

One-Tailed Test 425

Two-Tailed Test 430

Summary and Practical Advice 433

Relationship Between Interval Estimation and

Hypothesis Testing 434

9.4 Population Mean: s Unknown 439

One-Tailed Test 439

Two-Tailed Test 440

Summary and Practical Advice 441

9.5 Population Proportion 445

Summary 447

9.6 Hypothesis Testing and Decision Making 450

9.7 Calculating the Probability of Type II Errors 450

9.8 Determining the Sample Size for a Hypothesis Test

About a Population Mean 455

9.9 Big Data and Hypothesis Testing 459

Big Data, Hypothesis Testing, and p Values 459

Implications of Big Data in Hypothesis Testing 460

Summary 462

Glossary 462

Key Formulas 463

Supplementary Exercises 463

Case Problem 1: Quality Associates, Inc. 467

Case Problem 2: Ethical Behavior of Business Students

at Bayview University 469

Appendix 9.1 Hypothesis Testing with JMP 471

Appendix 9.2 Hypothesis Testing with Excel 475

Appendix 9.3 Hypothesis Testing with R (MindTap Reader)

Chapter 10 Inference About Means and Proportions with

Two Populations 481

Statistics in Practice: U.S. Food and Drug Administration 482

10.1 Inferences About the Difference Between Two

Population Means: s1 and s2 Known 483

Interval Estimation of m1 − m2 483

Hypothesis Tests About m1 − m2 485

Practical Advice 487

10.2 Inferences About the Difference Between Two

Population Means: s1 and s2 Unknown 489

Interval Estimation of m1 − m2 489

Hypothesis Tests About m1 − m2 491

Practical Advice 493

10.3 Inferences About the Difference Between Two

Population Means: Matched Samples 497

10.4 Inferences About the Difference Between Two Population

Proportions 503

Interval Estimation of p1 − p2 503

Hypothesis Tests About p1 − p2 505

Summary 509

Glossary 509

Key Formulas 509

Supplementary Exercises 511

Case Problem: Par, Inc. 514

Appendix 10.1 Inferences About Two Populations with JMP 515

Appendix 10.2 Inferences About Two Populations with Excel 519

Appendix 10.3 Inferences about Two Populations with R (MindTap Reader)

Chapter 11 Inferences About Population Variances 525

Statistics in Practice: U.S. Government Accountability Office 526

11.1 Inferences About a Population Variance 527

Interval Estimation 527

Hypothesis Testing 531

11.2 Inferences About Two Population Variances 537

Summary 544

Key Formulas 544

Supplementary Exercises 544

Case Problem 1: Air Force Training Program 546

Case Problem 2: Meticulous Drill & Reamer 547

Appendix 11.1 Population Variances with JMP 549

Appendix 11.2 Population Variances with Excel 551

Appendix 11.3 Population Variances with R (MindTap Reader)

Chapter 12 Comparing Multiple Proportions, Test of

Independence and Goodness of Fit 553

Statistics in Practice: United Way 554

12.1 Testing the Equality of Population Proportions

for Three or More Populations 555

A Multiple Comparison Procedure 560

12.2 Test of Independence 565

12.3 Goodness of Fit Test 573

Multinomial Probability Distribution 573

Normal Probability Distribution 576

Summary 582

Glossary 582

Key Formulas 583

Supplementary Exercises 583

Case Problem 1: A Bipartisan Agenda for Change 587

Case Problem 2: Fuentes Salty Snacks, Inc. 588

Case Problem 3: Fresno Board Games 588

Appendix 12.1 Chi-Square Tests with JMP 590

Appendix 12.2 Chi-Square Tests with Excel 593

Appendix 12.3 Chi-Squared Tests with R (MindTap Reader)

Chapter 13 E xperimental Design and Analysis

of Variance 597

Statistics in Practice: Burke Marketing Services, Inc. 598

13.1 An Introduction to Experimental Design

and Analysis of Variance 599

Data Collection 600

Assumptions for Analysis of Variance 601

Analysis of Variance: A Conceptual Overview 601

13.2 Analysis of Variance and the Completely

Randomized Design 604

Between-Treatments Estimate of Population Variance 605

Within-Treatments Estimate of Population Variance 606

Comparing the Variance Estimates: The F Test 606

ANOVA Table 608

Computer Results for Analysis of Variance 609

Testing for the Equality of k Population Means:

An Observational Study 610

13.3 Multiple Comparison Procedures 615

Fisher’s LSD 615

Type I Error Rates 617

13.4 Randomized Block Design 621

Air Traffic Controller Stress Test 621

ANOVA Procedure 623

Computations and Conclusions 623

13.5 Factorial Experiment 627

ANOVA Procedure 629

Computations and Conclusions 629

Summary 635

Glossary 635

Key Formulas 636

Supplementary Exercises 638

Case Problem 1: Wentworth Medical Center 643

Case Problem 2: Compensation for Sales Professionals 644

Case Problem 3: Touristopia Travel 644

Appendix 13.1 Analysis of Variance with JMP 646

Appendix 13.2 Analysis of Variance with Excel 649

Appendix 13.3 Analysis Variance with R (MindTap Reader)

Chapter 14 Simple Linear Regression 653

Statistics in Practice: Alliance Data Systems 654

14.1 Simple Linear Regression Model 655

Regression Model and Regression Equation 655

Estimated Regression Equation 656

14.2 Least Squares Method 658

14.3 Coefficient of Determination 668

Correlation Coefficient 671

14.4 Model Assumptions 675

14.5 Testing for Significance 676

Estimate of s2 676

t Test 677

Confidence Interval for b1 679

F Test 679

Some Cautions About the Interpretation of Significance Tests 681

14.6 Using the Estimated Regression Equation

for Estimation and Prediction 684

Interval Estimation 685

Confidence Interval for the Mean Value of y 685

Prediction Interval for an Individual Value of y 686

14.7 Computer Solution 691

14.8 Residual Analysis: Validating Model Assumptions 694

Residual Plot Against x 695

Residual Plot Against yˆ 697

Standardized Residuals 698

Normal Probability Plot 699

14.9 Residual Analysis: Outliers and Influential Observations 703

Detecting Outliers 703

Detecting Influential Observations 704

14.10 Practical Advice: Big Data and Hypothesis Testing in Simple Linear

Regression 710

Summary 711

Glossary 711

Key Formulas 712

Supplementary Exercises 714

Case Problem 1: Measuring Stock Market Risk 721

Case Problem 2: U.S. Department of Transportation 721

Case Problem 3: Selecting a Point-and-Shoot Digital Camera 722

Case Problem 4: Finding the Best Car Value 723

Case Problem 5: Buckeye Creek Amusement Park 724

Appendix 14.1 Calculus-Based Derivation of Least Squares Formulas 726

Appendix 14.2 A Test for Significance Using Correlation 727

Appendix 14.3 Simple Linear Regression with JMP 727

Appendix 14.4 Regression Analysis with Excel 728

Appendix 14.5 Simple Linear Regression with R (MindTap Reader)

Chapter 15 Multiple Regression 731

Statistics in Practice: 84.51° 732

15.1 Multiple Regression Model 733

Regression Model and Regression Equation 733

Estimated Multiple Regression Equation 733

15.2 Least Squares Method 734

An Example: Butler Trucking Company 735

Note on Interpretation of Coefficients 737

15.3 Multiple Coefficient of Determination 743

15.4 Model Assumptions 746

15.5 Testing for Significance 747

F Test 747

t Test 750

Multicollinearity 750

15.6 Using the Estimated Regression Equation

for Estimation and Prediction 753

15.7 Categorical Independent Variables 755

An Example: Johnson Filtration, Inc. 756

Interpreting the Parameters 758

More Complex Categorical Variables 760

15.8 Residual Analysis 764

Detecting Outliers 766

Studentized Deleted Residuals and Outliers 766

Influential Observations 767

Using Cook’s Distance Measure to Identify

Influential Observations 767

15.9 Logistic Regression 771

Logistic Regression Equation 772

Estimating the Logistic Regression Equation 773

Testing for Significance 774

Managerial Use 775

Interpreting the Logistic Regression Equation 776

Logit Transformation 778

15.10 Practical Advice: Big Data and Hypothesis Testing

in Multiple Regression 782

Summary 783

Glossary 783

Key Formulas 784

Supplementary Exercises 786

Case Problem 1: Consumer Research, Inc. 790

Case Problem 2: Predicting Winnings for NASCAR Drivers 791

Case Problem 3: Finding the Best Car Value 792

Appendix 15.1 Multiple Linear Regression with JMP 794

Appendix 15.2 Logistic Regression with JMP 796

Appendix 15.3 Multiple Regression with Excel 797

Appendix 15.4 Multiple Linear Regression with R (MindTap Reader)

Appendix 15.5 Logistics Regression with R (MindTap Reader)

Chapter 16 Regression Analysis: Model Building 799

Statistics in Practice: Monsanto Company 800

16.1 General Linear Model 801

Modeling Curvilinear Relationships 801

Interaction 805

Transformations Involving the Dependent Variable 807

Nonlinear Models That Are Intrinsically Linear 812

16.2 Determining When to Add or Delete Variables 816

General Case 818

Use of p-Values 819

16.3 Analysis of a Larger Problem 822

16.4 Variable Selection Procedures 826

Stepwise Regression 826

Forward Selection 828

Backward Elimination 828

Best-Subsets Regression 828

Making the Final Choice 829

16.5 Multiple Regression Approach to Experimental Design 832

16.6 Autocorrelation and the Durbin-Watson Test 836

Summary 840

Glossary 841

Key Formulas 841

Supplementary Exercises 841

Case Problem 1: Analysis of LPGA Tour Statistics 845

Case Problem 2: Rating Wines from the Piedmont Region of Italy 846

Appendix 16.1 Variable Selection Procedures with JMP 848

Appendix 16.2 Variable Selection Procedures with R (MindTap Reader)

Chapter 17 Time Series Analysis and Forecasting 859

Statistics in Practice: Nevada Occupational Health Clinic 860

17.1 Time Series Patterns 861

Horizontal Pattern 861

Trend Pattern 863

Seasonal Pattern 863

Trend and Seasonal Pattern 864

Cyclical Pattern 864

Selecting a Forecasting Method 866

17.2 Forecast Accuracy 867

17.3 Moving Averages and Exponential Smoothing 872

Moving Averages 872

Weighted Moving Averages 874

Exponential Smoothing 875

17.4 Trend Projection 881

Linear Trend Regression 882

Nonlinear Trend Regression 886

17.5 Seasonality and Trend 891

Seasonality Without Trend 892

Seasonality and Trend 894

Models Based on Monthly Data 897

17.6 Time Series Decomposition 900

Calculating the Seasonal Indexes 902

Deseasonalizing the Time Series 905

Using the Deseasonalized Time Series to Identify Trend 905

Seasonal Adjustments 907

Models Based on Monthly Data 908

Cyclical Component 908

Summary 910

Glossary 911

Key Formulas 912

Supplementary Exercises 913

Case Problem 1: Forecasting Food and Beverage Sales 917

Case Problem 2: Forecasting Lost Sales 918

Appendix 17.1 Forecasting with JMP 920

Appendix 17.2 Forecasting with Excel 926

Appendix 17.3 Forecasting with R (MindTap Reader)

Chapter 18 Nonparametric Methods 931

Statistics in Practice: West Shell Realtors 932

18.1 Sign Test 933

Hypothesis Test About a Population Median 933

Hypothesis Test with Matched Samples 938

18.2 Wilcoxon Signed-Rank Test 941

18.3 Mann-Whitney-Wilcoxon Test 947

18.4 Kruskal-Wallis Test 956

18.5 Rank Correlation 961

Summary 966

Glossary 966

Key Formulas 967

Supplementary Exercises 968

Case Problem: RainOrShine.Com 971

Appendix 18.1 Nonparametric Methods with JMP 972

Appendix 18.2 Nonparametric Methods with Excel 979

Appendix 18.3 Nonparametric Methods with R (MindTap Reader)

Chapter 19 Decision Analysis 981

Statistics in Practice: Ohio Edison Company 982

19.1 Problem Formulation 983

Payoff Tables 983

Decision Trees 984

19.2 Decision Making with Probabilities 985

Expected Value Approach 985

Expected Value of Perfect Information 987

19.3 Decision Analysis with Sample Information 992

Decision Tree 993

Decision Strategy 994

Expected Value of Sample Information 998

19.4 Computing Branch Probabilities Using Bayes’ Theorem 1002

Summary 1006

Glossary 1007

Key Formulas 1008

Supplementary Exercises 1008

Case Problem 1: Lawsuit Defense Strategy 1010

Case Problem 2: Property Purchase Strategy 1011

Chapter 20 Index Numbers 1013

Statistics in Practice: U.S. Department of Labor, Bureau

of Labor Statistics 1014

20.1 Price Relatives 1014

20.2 Aggregate Price Indexes 1015

20.3 Computing an Aggregate Price Index from Price Relatives 1019

20.4 Some Important Price Indexes 1021

Consumer Price Index 1021

Producer Price Index 1021

Dow Jones Averages 1022

20.5 Deflating a Series by Price Indexes 1023

20.6 Price Indexes: Other Considerations 1026

Selection of Items 1026

Selection of a Base Period 1026

Quality Changes 1027

20.7 Quantity Indexes 1027

Summary 1029

Glossary 1029

Key Formulas 1029

Supplementary Exercises 1030

Chapter 21 Statistical Methods for Quality Control 1033

Statistics in Practice: Dow Chemical Company 1034

21.1 Philosophies and Frameworks 1035

Malcolm Baldrige National Quality Award 1036

ISO 9000 1036

Six Sigma 1036

Quality in the Service Sector 1038

21.2 Statistical Process Control 1039

Control Charts 1040

x Chart: Process Mean and Standard Deviation Known 1041

x Chart: Process Mean and Standard Deviation Unknown 1043

R Chart 1045

p Chart 1046

np Chart 1049

Interpretation of Control Charts 1049

21.3 Acceptance Sampling 1052

KALI, Inc.: An Example of Acceptance Sampling 1053

Computing the Probability of Accepting a Lot 1054

Selecting an Acceptance Sampling Plan 1056

Multiple Sampling Plans 1057

Summary 1059

Glossary 1060

Key Formulas 1060

Supplementary Exercises 1061

Appendix 21.1 Control Charts with JMP 1064

Appendix 21.2 Control Charts with R (MindTap Reader)

Chapter 22 Sample Survey (MindTap Reader) 22-1

Statistics in Practice: Duke Energy 22-2

22.1 Terminology Used in Sample Surveys 22-2

22.2 Types of Surveys and Sampling Methods 22-3

22.3 Survey Errors 22-5

Nonsampling Error 22-5

Sampling Error 22-5

22.4 Simple Random Sampling 22-6

Population Mean 22-6

Population Total 22-7

Population Proportion 22-8

Determining the Sample Size 22-9

22.5 Stratified Simple Random Sampling 22-12

Population Mean 22-12

Population Total 22-14

Population Proportion 22-15

Determining the Sample Size 22-16

22.6 Cluster Sampling 22-21

Population Mean 22-23

Population Total 22-25

Population Proportion 22-25

Determining the Sample Size 22-27

22.7 Systematic Sampling 22-29

Summary 22-29

Glossary 22-30

Key Formulas 22-30

Supplementary Exercises 22-34

Case Problem: Medicament’s Predicament 22-36

Appendix A  References and Bibliography 1068

Appendix B Tables 1070

Appendix C Summation Notation 1097

Appendix D  _Answers to Even-Numbered Exercises (MindTap Reader)

Appendix E  _Microsoft Excel 2016 and Tools for Statistical Analysis 1099

Appendix F Computing p-Values with JMP and Excel 1107

Index 1111

This book is US$10
To get free sample pages OR Buy this book


Share this Book!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.